Tribunal held that ; right to operate the toll road /bridge and collect toll charges in lieu of investment made by it in implementing the project is an intangible asset in the nature of license or akin to license as well as a business or commercial rights , which is entitle to depreciation. ( AY.2011-12)
ACIT v. Progressive Constructions Ltd ( 2018) 161 DTR 289 /63 ITR 516/191 TTJ 549 ( SB) ( Hyd) (Trib)
S. 32: Depreciation – Right to operate the toll road /bridge -Commercial rights which is entitle to deprecation .[ S.32(1)(ii)]